Immersion Corp (IMMR) Stock AnalysisIMMRImmersion Corp

Immersion Corporation is a developer and provider of technologies for haptics. The Company develops, licenses, and supports a range of software and intellectual property (IP) that fully engage users senses of touch when operating digital devices. Its segments include Immersion and Barnes & Noble Education. The Company offers licenses to its patented technology to its customers and offers its customers enabling software, related tools and technical assistance designed to integrate the Company's patented technology into its customers products or enhance the functionality of its patented technology. The Company's licenses enable its customers to deploy haptically enabled devices, content and other offerings, which they typically sell under their own brand names. It is focused on various target application areas, such as mobile devices, wearables, consumer, mobile entertainment and other content; virtual and augmented reality; console gaming; automotive, and medical, and residential. It operates in the Technology sector (COMPUTER PERIPHERAL EQUIPMENT, NEC industry).

Immersion Corp is currently not a strong buy due to its low RSI of 38.66, indicating potential oversold conditions, and a forward P/E of 28.17, which is relatively high compared to its current price. The stock has shown a year-to-date change of +10.61%, but recent performance has been weak with a 5-day change of -0.28%.

5 analysts cover IMMR: 4 rate it Buy, 1 Hold and 0 Sell. The average price target is 13.50.